💥BlackRock seeks direct redemption of $ETH for its crypto fund.

BlackRock has submitted a request to allow physical redemptions of Ether (ETH) for its iShares Ethereum Trust (ETHA). This means that investors could receive ETH directly when redeeming their shares, instead of cash.

This initiative, similar to its Bitcoin ETF, suggests a growing interest from BlackRock in facilitating more direct exposure to cryptocurrencies for institutional investors. The SEC will decide on the proposal before November 10, 2025. This move could simplify redemptions and have implications for the efficiency of the Ethereum market.